Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has reported additional drill hole assays for lithium (Li) and tantalum (Ta) mineralized intervals from the Main Dyke at Case Lake. Significant intervals include drill hole PWM-17-45, which found 1.67 percent Li2O and 127.7 ppm Ta over 6.0 meters and 1.58 percent Li2O and 233.68 ppm Ta over 8.0 meters, and PWM-17-46, which found 1.79 percent Li2O and 186.45 ppm Ta over 6.0 meters. Located in the Steele and Case townships situated roughly 80 kilometers east of Cochrane, Ontario, the Case Lake Property features five unique dykes over which MGX currently holds a 20 percent working interest. The company also maintains the right to acquire an additional 15 percent working interest, for a total of 35 percent, by making a one-time payment of $10 million prior to August 2020.
To view the full press release, visit http://nnw.fm/UH4hm
About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX. Learn more at www.mgxminerals.com
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com